Northwestern Mutual Wealth Management Co. Boosts Position in TriNet Group, Inc. $TNET

Northwestern Mutual Wealth Management Co. increased its holdings in shares of TriNet Group, Inc. (NYSE:TNET) by 5,911,158.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 709,351 shares of the business services provider’s stock after acquiring an additional 709,339 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in TriNet Group were worth $41,944,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in TriNet Group by 3.2% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 5,894 shares of the business services provider’s stock worth $350,000 after purchasing an additional 185 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in TriNet Group by 45.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 646 shares of the business services provider’s stock worth $38,000 after purchasing an additional 201 shares during the last quarter. Quantinno Capital Management LP lifted its stake in TriNet Group by 5.9% during the second quarter. Quantinno Capital Management LP now owns 5,652 shares of the business services provider’s stock worth $413,000 after purchasing an additional 317 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in TriNet Group by 0.7% during the third quarter. Envestnet Asset Management Inc. now owns 49,756 shares of the business services provider’s stock worth $3,328,000 after purchasing an additional 370 shares during the last quarter. Finally, Quarry LP lifted its stake in TriNet Group by 524.7% during the third quarter. Quarry LP now owns 456 shares of the business services provider’s stock worth $31,000 after purchasing an additional 383 shares during the last quarter. Hedge funds and other institutional investors own 96.81% of the company’s stock.

Analysts Set New Price Targets

TNET has been the subject of several recent analyst reports. TD Cowen boosted their target price on TriNet Group from $40.00 to $46.00 and gave the stock a “hold” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. boosted their price objective on TriNet Group from $43.00 to $45.00 and gave the company an “underweight” rating in a research note on Friday, May 1st. Zacks Research upgraded TriNet Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Stifel Nicolaus reduced their price objective on TriNet Group from $97.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Finally, Weiss Ratings upgraded TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, TriNet Group currently has a consensus rating of “Hold” and an average price target of $55.20.

TriNet Group Price Performance

Shares of NYSE TNET opened at $42.92 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 10.80. TriNet Group, Inc. has a twelve month low of $33.60 and a twelve month high of $86.78. The stock has a 50 day moving average of $38.84 and a two-hundred day moving average of $49.30. The stock has a market cap of $1.97 billion, a P/E ratio of 12.81 and a beta of 1.02.

TriNet Group (NYSE:TNET) last issued its quarterly earnings data on Thursday, April 30th. The business services provider reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.64. TriNet Group had a return on equity of 219.54% and a net margin of 3.22%.The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the business earned $1.99 earnings per share. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. On average, research analysts forecast that TriNet Group, Inc. will post 3.55 earnings per share for the current year.

TriNet Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 27th. Stockholders of record on Wednesday, April 1st were issued a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, April 1st. This is an increase from TriNet Group’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.7%. TriNet Group’s dividend payout ratio is presently 34.63%.

TriNet Group declared that its board has initiated a share buyback plan on Thursday, February 12th that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to reacquire up to 18.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Brian C. Evanko bought 5,000 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were acquired at an average price of $37.70 per share, with a total value of $188,500.00. Following the completion of the acquisition, the director owned 9,565 shares in the company, valued at approximately $360,600.50. This trade represents a 109.53% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Sidney A. Majalya sold 775 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $37.02, for a total value of $28,690.50. Following the completion of the transaction, the senior vice president directly owned 55,750 shares in the company, valued at approximately $2,063,865. The trade was a 1.37% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 40.00% of the company’s stock.

About TriNet Group

TriNet Group, Inc is a leading professional employer organization (PEO) that offers integrated human capital management solutions to small and medium-size businesses. Through a bundled suite of services, TriNet manages payroll administration, employee benefits, workers’ compensation, risk mitigation and federal and state compliance. Its cloud-based platform provides clients with centralized access to HR tools, analytics and streamlined workforce management capabilities.

Founded in 1988 and headquartered in Dublin, California, TriNet has grown to support thousands of organizations across the United States.